538 Mission RdLos Angeles, CA 90033

Property Details for 538 Mission Rd

Year built

1961

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

540 SF

Zone code

LAM1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5410-008-007

APU

5410008007

Description

This exceptional commercial property at 538 N Mission Rd, Los Angeles, CA 90033 presents a unique investment opportunity. Priced at $6,500,000, this 19,564 square foot lot boasts two existing buildings totaling 1,368 square feet. Building 1 offers 828 square feet, while Building 2 provides 540 square feet. Constructed in 1980, the property is zoned LAM1, offering flexibility for various commercial uses. Its strategic location in central Los Angeles provides easy access to major transportation arteries, including the 5 and 10 Freeways. The property's proximity to Downtown Los Angeles, the Arts District, and the Fashion District ensures high visibility and strong potential for growth. This site is ideal for developers seeking a prime location for new construction or for owner-occupiers looking for a well-situated commercial space. The property's size and location make it an attractive proposition for a wide range of commercial ventures. This is a rare opportunity to acquire a substantial land parcel in a thriving Los Angeles neighborhood. The existing buildings offer immediate income potential or can be easily renovated to suit specific business needs. Don't miss this chance to secure a piece of Los Angeles' vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $234,137

  6.5%

  $216,126

  7%

  $200,689

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,770

  Geo Method

  $258,770

• Alternative Use

  Use

  Valuation

  Residential

  $182,311

  Hospitality

  $166,996

  Educational

  $138,938

  Medical

  $143,717

  Retail

  $216,126

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0545

Longitude

-118.224

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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